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4505 W 18th St - Fully Leased 2022 Construction 6-Unit 6 Unit Apartment Building Offered at $3,749,000 at a 5.93% Cap Rate Los Angeles, CA 90019
Investment Highlights
- 100% leased with a strong 5.93% current cap rate and 6.22% pro forma cap rate.
- Large 8,156 SF asset featuring an ideal unit mix of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences.
- Beautifully designed units offer high ceilings, oversized windows, expansive balconies or patios, and modern luxury finishes throughout.
- Rare opportunity to acquire a 2022-construction, non-rent-controlled six-unit property in one of Mid-City's most desirable rental locations.
- Four of the six leases extend into mid-to-late 2027, providing stable, predictable cash flow from day one.
- Turnkey investment with stainless steel kitchen appliances, in-unit washers and dryers, and central HVAC in every unit.
Executive Summary
The 5+ Unit Specialists are excited to present 4505 W 18th Street, a beautifully designed 2022-built six-unit investment opportunity in the heart of Mid-City. This fully stabilized, non-rent-controlled asset is 100% leased and offers a strong 5.93% current cap rate with additional upside to a 6.22% pro forma cap rate, making it an ideal turnkey investment for both cash flow and long-term appreciation.
The property consists of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences totaling approximately 8,156 square feet. Designed with today's renters in mind, each spacious unit features high ceilings, oversized windows, expansive balconies or patios, modern kitchens and bathrooms, stainless steel appliances, central HVAC, and in-unit washers and dryers. All units are separately metered for gas, electricity, and water, helping minimize operating expenses while maximizing net income. Four of the six leases extend into mid-to-late 2027, providing stable, predictable cash flow from day one.
Ideally situated in one of Los Angeles' strongest rental markets, the property is just minutes from Culver City, Miracle Mile, and major employment centers including Amazon, Apple, HBO, and Sony. As opportunities to acquire newer, fully stabilized, non-rent-controlled multifamily assets continue to become increasingly scarce, 4505 W 18th Street presents an exceptional long-term hold and 1031 exchange opportunity in one of LA's most sought-after investment corridors.
The property consists of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences totaling approximately 8,156 square feet. Designed with today's renters in mind, each spacious unit features high ceilings, oversized windows, expansive balconies or patios, modern kitchens and bathrooms, stainless steel appliances, central HVAC, and in-unit washers and dryers. All units are separately metered for gas, electricity, and water, helping minimize operating expenses while maximizing net income. Four of the six leases extend into mid-to-late 2027, providing stable, predictable cash flow from day one.
Ideally situated in one of Los Angeles' strongest rental markets, the property is just minutes from Culver City, Miracle Mile, and major employment centers including Amazon, Apple, HBO, and Sony. As opportunities to acquire newer, fully stabilized, non-rent-controlled multifamily assets continue to become increasingly scarce, 4505 W 18th Street presents an exceptional long-term hold and 1031 exchange opportunity in one of LA's most sought-after investment corridors.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,749,000 | Lot Size | 0.16 AC |
| Price Per Unit | $624,833 | Building Size | 8,156 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.93% | No. Stories | 3 |
| Gross Rent Multiplier | 13.22 | Year Built | 2022 |
| No. Units | 6 | Parking Ratio | 0.86/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | LARD1.5 | ||
| Price | $3,749,000 |
| Price Per Unit | $624,833 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| Gross Rent Multiplier | 13.22 |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 8,156 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Yard
- Freezer
- Island Kitchen
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,895 | 885 |
| 2+2 | 1 | $3,100 | 871 |
| 3+3 | 1 | $4,195 | 1,500 |
| 3+3 | 1 | $4,150 | 1,500 |
| 4+3 | 1 | $4,550 | 1,700 |
| 4+3 | 1 | $4,650 | 1,700 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
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4505 W 18th St - Fully Leased 2022 Construction 6-Unit
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